Consulting Role. As of the Effective Date, Xx. Xxxx will serve as a consultant to MKG, Xxxxx XxxXxx as the new Chairman of the Board of the Company, and Xxxxx XxxXxx’x nominee as the new Chief Executive Officer and President of the Company (collectively “New Management”). Xx. Xxxx will remain in this capacity for a period of three (3) years commencing as of the Effective Date (the “Term”). Throughout his service as a consultant, Xx. Xxxx shall provide his best efforts to New Management and the Company and will provide support to New Management and the Company.
Consulting Role. You will not transition to a consulting role; accordingly, Paragraph 6(d) of the Employment Agreement is deleted in its entirety.
Consulting Role. In consideration for the payments and benefits provided in this Agreement, you and the Company agree that, during the period beginning on the Last Day of Work and ending on the first anniversary thereof (the “Consulting Period”), you will be reasonably available to provide consulting services, not to exceed 32 hours per month, to: (a) assist in transitioning your duties and responsibilities with the Company; (b) continue to assist the Company on business matters of the Company reasonably within your knowledge; (c) make business introductions on behalf of the Company as reasonably requested; and (d) provide advice to the Company on business matters of the Company as reasonably requested. During the Consulting Period, the Company will reimburse you for any reasonable costs and expenses approved in advance by the Company and incurred in connection with the performance of the consulting services set forth in this Section 2, subject to the Company’s expense reimbursement policies in effect from time to time.
Consulting Role. Beginning on the Separation Date, you will make yourself reasonably available to the Company by phone and, if requested by the Company, two days per quarter in person to advise and assist with finance matters, including but not limited to the Company’s transition to a new Chief Financial Officer.
Consulting Role. Commensurate with entering into this Agreement on or after your Separation Date, the Company will allow you to enter into a post-employment consulting role, wherein you will provide advisory services from the Separation Date through May 12, 2023, and the Company shall have the option to extend the consulting period for up to an additional two weeks beyond such date (such consulting period, as may be extended, the “Consulting Period”). Notwithstanding the foregoing, in the event the Company determines, in its good faith discretion, that you are in breach of either this Agreement or the Confidentiality Agreement or Consulting Agreement (each as defined below), then it may immediately terminate the Consulting Period. Such consulting role shall be pursuant to the terms of a Consulting Agreement in the form attached to this Agreement as Schedule 1 (the “Consulting Agreement”). During the Consulting Period, you agree to provide the Company with such services as the Company may reasonably request from time to time, including the facilitation of a smooth transition of your former work duties and business contacts to the Company (the “Services”). As remuneration in full for your provision of the Services during the Consulting Period, the Company shall pay you at a rate of $256.00 per hour for Services performed, with the understanding that such Services will only be performed on a part-time basis and as requested by the Company from time to time, and you will not be eligible for employment-related benefits or wages during such Consulting Period. You acknowledge that the Consulting Period shall not result in continued vesting of any Equity Awards, all of which shall be subject to Section 2(c) above. You acknowledge that the Services shall not constitute continued employment, and that, unless and to the extent otherwise expressly set forth herein, any entitlement to further wages or benefits shall cease as of the Separation Date.
Consulting Role. From the Date of Separation through December 31, 2022, unless terminated earlier in accordance with the terms of this Agreement (such period, the “Consulting Period”), the Company wishes to retain Executive, and Executive hereby agrees, to provide consulting services to the Company. Executive may not engage any person in connection with the performance of the Consulting Services other than Executive.
Consulting Role. Effective September 1, 2004, Hook will serve as Strategic Advisor to the President and CEO of CTI. Hook will remain in this capacity from September 1, 2004 until September 1, 2006, unless either party terminates the relationship pursuant to written notice sent thirty (30) days in advance of the date of termination. As Strategic Advisor, Hook will work a minimum of twenty-five (25) hours per month for CTI. Throughout his service as Strategic Advisor, Hook will provide his best efforts to CTI and will publicly and privately provide positive support to CTI and its officers and directors. Hook's initial work plan as Strategic Advisor shall include, but may not be limited to, the following tasks:
Consulting Role. Effective no earlier than six (6) months prior to the Term End Date, Employee and Company may mutually agree that Employee’s employment shall terminate and Employee shall transition into a consultant role until the Term End Date upon mutually agreeable terms (the “Consulting Role” and the period during which Employee is performing services in the Consulting Role, the “Consulting Period”). During the Consulting Period, Employee shall not be treated as an employee of any member of the Group for any purpose, including, without limitation, for the purposes of any employee or fringe benefits provided by any member of the Group to its employees including, without limitation, employee insurance, retirement, savings, medical, health care, fringe benefit, equity compensation, deferred compensation or bonus plans, or for withholding tax purposes unless required by applicable law.
Consulting Role. If during the Term, the Company determines to hire a new chief executive officer, the Company shall give Executive at least 60 days’ advance notice of such event, and upon the later of the expiration of such 60-day notice period or the commencement date of such replacement chief executive officer’s employment, this Agreement shall automatically terminate and the Company shall have the right to retain Executive as a Consultant pursuant to the Consulting Agreement. If the Company notifies the Executive that it intends to exercise its right pursuant to this section to retain Executive as a consultant, Executive shall be entitled to the Accrued Rights as if he had resigned pursuant to Section 5(b), provided that (a) compliance with the notice requirements is not required and (b) the Deferred Salary shall continue to be payable to Executive pursuant to the Consulting Agreement. If for any reason the Company does not elect to retain Executive as a consultant pursuant to the Consulting Agreement, Executive shall be entitled to the Accrued Rights and the Severance Benefits as if he had resigned with Good Reason pursuant to Section 5(d); provided, that the time period for the Company to cure will be inapplicable.
Consulting Role. Services substantially similar to, related to, in furtherance of and/or in connection with Consultant’s prior roles as General Counsel, Corporate Secretary and Chief Compliance Officer as may be reasonably required by the person(s) identified in Section 1(b) of the Consulting Agreement.
